Grant Thornton LLP revenue up for fiscal year 2013

Grant Thornton LLP revenue up for fiscal year 2013

Advisory Services leads firm's growth

CHICAGO--(BUSINESS WIRE)-- Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, announced an all-time high revenue for its fiscal year ending July 31. Grant Thornton generated $1.274 billion in revenue in its 2013 fiscal year, up 5 percent year-over-year.

Revenue growth was driven organically across the firm's service lines. Grant Thornton's Advisory Services continued to lead the firm's growth by advancing 9 percent from the previous year. The firm's Audit Services, in which the competitive environment remains high, grew by 2 percent while Tax Services grew by 6 percent. The firm's Financial Services, Energy and Healthcare practices led from an industry perspective, all realizing double-digit growth for the year.

"Attaining record revenues in a still tepid economic environment is a testament to our long-term strategy of focusing on dynamic, mid-sized clients that are poised for growth," said Stephen Chipman, chief executive officer of Grant Thornton LLP. "We continue to invest in talent who make a marked difference in the quality and breadth and depth of our services to clients in our chosen markets."

The firm resolved several long-standing legal matters during the year. It also made several notable investments that will create synergies and efficiencies moving forward, including the opening of its shared service center in Bangalore, India, and its recent acquisition of the Oracle Solutions business unit of MarketSphere LLC. The acquisition expands the firm's Technology Solutions practice, which is part of the firm's Business Advisory Services.

"Providing our clients with a more comprehensive suite of innovative advisory services is a key firm objective," added Chipman. "This transaction positions our firm to continue its focused growth."

About Grant Thornton LLP

Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity. In the United States, visit Grant Thornton LLP at

Grant Thornton LLP
Michele Mazur, 312.602.8485

KEYWORDS:   United States  North America  Illinois


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